MicroStrategy (MSTR) announced that it completed its previously announced offering of its 0% convertible senior notes due 2029. The aggregate principal amount of the notes sold in the offering was $3B. The notes were sold in a private offering only to persons reasonably believed to be qualified institutional buyers. The net proceeds from the sale of the notes were approximately $2.97B, after deducting the initial purchasers’ discounts and commissions and estimated offering expenses payable by MicroStrategy. MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoin and for general corporate purposes.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSTR: